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Sterling supported by rising odds of no-Brexit
Sterling stemmed early losses on Wednesday on a more positive outlook over Brexit, overcoming data showing a shock slide in Britain’s services sector and suggesting the economy would barely grow in the last quarter of 2018. The pound traded well off the 17-month lows it hit on Tuesday, lifted by suggestions in some quarters that Britain may opt not to leave the European Union after all, although a looming vote on Brexit in parliament kept the gains in check. Demand for the British currency has been sapped by investor uncertainty over the government’s Brexit plans ahead of a March 29 deadline, making the pound one ... (full story)
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